DC’s peak trading performance was in line with our estimates. Electricals business performed ahead of the market across all geographies. Customer satisfaction and NPS improved in double digits as management continued to offer best-in-class prices (despite taking a planned hit in gross margin). Reconfirmation of all financial targets is also comforting. No change to our financial estimates.
03 Feb 2020
No surprises during Christmas
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No surprises during Christmas
Currys PLC (CURY:LON) | 63.1 0.5 1.3% | Mkt Cap: 715.0m
- Published:
03 Feb 2020 -
Author:
Nishant Choudhary -
Pages:
3
DC’s peak trading performance was in line with our estimates. Electricals business performed ahead of the market across all geographies. Customer satisfaction and NPS improved in double digits as management continued to offer best-in-class prices (despite taking a planned hit in gross margin). Reconfirmation of all financial targets is also comforting. No change to our financial estimates.